Call it "consolidation" if you will, fact is cryptos have fallen off a cliff in the past days.
Btc has lost 20%, just as fast as it gained them. Such a extreme volatility is poison for establishing it as a currency.
But worse yet, Steem and Hive have lost near 30% in the past 24h alone! And the crypto turmoil is not all - other markets are acting crazy as well. Not a good sign. But who can expect good signs in the environment we are currently living in...